UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB/A

__X__Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

                  For the quarterly period ended June 30, 2000

                                       or

_____Transition report pursuant to Section 13 or 15(d) of the Exchange Act


                         Commission File Number 333-33350

                          First Security Bancorp, Inc.
       (Exact Name of Small Business Issuer as Specified in Its Charter)

       Kentucky                                         61-1364206
       --------                                         ----------
  (State of other jurisdiction of                     (I.R.S. Employer
   incorporation or organization)                    Identification No.)

400 East Main Street, Lexington, KY 40507
(Address of Principal Executive Offices)
(859)- 367-3700
(Issuer's Telephone Number, Including Area Code)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                        ___ Yes   _X_ No

The number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: Common stock, no par value - 1,000,000
shares outstanding as of August 11, 2000.

Transitional Small Business Disclosure Format (check one):

Yes _____     No__X__

<PAGE>

FIRST SECURITY BANCORP, INC.
TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.................................................4
Item 2. Management's Discussion and Analysis or Plan of Operation............10

PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K....................................18


<PAGE>
PART I - Financial Information
Item 1.  Financial Statements

                             First Security Bancorp, Inc.
                        Consolidated Balance Sheets (Unaudited)
                                  (in thousands)

                                               June 30       December 31
Assets                                           2000           1999

Cash & due from banks                         $ 3,006         $2,219
Federal funds sold                             11,688          9,053
                                               ------         ------
         Total cash & cash equivalents         14,694         11,272
Securities available for sale                   3,738          4,331
Loans                                          95,678         78,197
         Less allowance for loan losses          (997)          (819)
                                               ------         ------
Net loans                                      94,681         77,378
FHLB stock                                        216            117
Leasehold improvements & equipment net            793            758
Accrued interest receivable                       714            528
Other assets                                      130            131
                                              -------         ------
                                             $114,966        $94,515
                                              =======        =======
Liabilities & Shareholder's Equity

Liabilities
         Deposits
Non-interest bearing                          $ 6,941        $ 5,157
Time deposits $100,000 and over                19,245         14,397
Other interest bearing                         76,494         63,858
                                              -------         ------
         Total Deposits                       102,680         83,412
Other borrowings                                3,158          2,382
Accrued interest payable                          516            387
Other liabilities                                  79            119
                                              -------         ------
         Total Liabilities                    106,433         86,300
Shareholders equity

Common stock no par value                       4,901          4,901
Paid-in Capital                                 4,901          4,901
Accumulated defecit                            (1,157)        (1,492)
Accumulated other comprehensive                  (112)           (95)
                                              -------         ------
    Income (loss)
         Total Shareholder equity                8533           8215
                                              -------         ------
                                             $114,966        $94,515
                                              =======         ======
<TABLE>

                          First Security Bancorp, Inc.
            Consolidated Statement of Changes In Stockholders Equity
              (in thousands, except for share data) (unaudited)
<CAPTION>

                                                                                 Accumulated
                                                    Additional                   Other            Total
                               --Common Stock--     Paid-In     Retained         Comprehensive    Stockholders
                              Shares      Amount    Capital     Earnings         Income (Loss)    Equity
<S>                           <C>         <C>       <C>         <C>              <C>              <C>

Balance January 1, 2000        1,000      $4,901     $4,901     $(1,492)           $(95)          $8,215

Net change in Accumulated                                                           (17)             (17)
   Other comprehensive income
   (Loss)

Net Income                                                          335                              335
                               -----      -----       ------     ------            -----           -----
Balance June 30, 2000          1,000     $4,901       $4,901    $(1,157)          $(112)          $8,533
                               =====      =====       ======    =======           ======          ======
</TABLE>
<PAGE>


                          First Security Bancorp, Inc.
                           Consolidated Statements of
                   Income and Comprehensive Income (Unaudited)
                             Three Months Ended and
                     Six Months Ended June 30, 2000 and 1999
                      (in thousands, except per share data)

                                   Three Months Ended        Six Months Ended
                                        June 30                   June 30
                                    2000        1999         2000        1999
Interest Income

     Loans, including fees        $2,063      $1,024       $3,920      $1,867
     Securities - taxable             52          44          115          82
     Federal funds sold              162         196          233         237
     Other                             4           1            6           1
                                   -----       -----        -----       -----
                                   2,281       1,265        4,274       2,187
Interest Expense

     Deposits                      1,377         748        2,469       1,215
     Other Borrowings                 13           -           26           -
                                   -----         ---        -----       -----
                                   1,390         748        2,495       1,215
                                   -----         ---        -----       -----
Net Interest Income                  891         517        1,779         972

Provision for loan losses            101          96          201         221
                                   -----         ---        -----        ----
Net interest income after
  Provision for loan loss            790         421        1,578         751
Noninterest Income
     Service charges and
      Fees on deposits                30          18           59          31
      Other                           15          17           27          20
                                      --          --           --          --
                                      45          35           86          51
Noninterest expense
     Salaries and
       employee benefits             323         271          625         541
     Occupancy                        58          54          114         101
     Equipment                        25          27           50          55
     Advertising                      24          24           57          32
     Professional Fees                99          15          139          30
     Bank franchise tax               19          18           37          35
     Other                           170          86          307         168
                                     ---         ---         ----         ---
                                     718         495        1,329         962
                                     ---         ---         ----         ---

Net Income (loss)                   $117        $(39)        $335       $(160)
                                     ===         ====         ===         ===
Other Comprehensive Income (Loss)

  Other comprehensive income         (5)         (42)         (17)        (59)
                                     ----        ----         ----        ----

  Comprehensive income              $112        $(81)         $318      $(219)
                                     ===         ====          ===       =====

Weighted average shares common outstanding:
     Basic                           1,000      1,000        1,000       1,000
     Diluted                         1,028      1,019        1,026       1,019

Earnings per share:
     Basic                             .12       (.04)         .34        (.16)
     Diluted                           .11       (.04)         .33        (.16)
<PAGE>
                          First Security Bancorp, Inc.
                      Statements of Cash Flows (unaudited)
                     Six Months Ended June 30, 2000 and 1999
                                 (in thousands)

                                                                   2000    1999

Cash flows from Operating Activities:
Net income (loss)                                                  $335   $(160)
Adjustments to reconcile net income (loss) to net
   Cash from operating activities
   Depreciation                                                      62      57
   Amortization and accretion on available
       for sale securities, net                                       2       4
   Provision for loan losses                                        201     221
   Federal Home Loan Bank Stock dividends                            (6)     (1)
   Change in assets and liabilities:
       Accrued interest receivable                                 (186)   (186)
       Other assets                                                   1     (16)
       Accrued Interest payable                                     129     121
       Other liabilities                                            (40)    (17)
                                                                    ---     ----
            Net cash from operating activities                      498      23

Cash flows from investing activities
   Net change in loans                                          (17,504)(17,385)
   Activity in available for sale securities
        Prepayments                                                  54      27
        Maturities                                                1,500   2,500
        Purchases                                                  (980)  (2002)
   Leasehold improvements and net purchases of equipment            (97)    (42)
   Purchases Federal Home Loan Bank stock                           (93)    (57)
                                                                 ------  ------
            Net cash from investing activities                  (17,120)(16,959)

Cash flows from financing activities
   Net change in deposits                                        19,268  26,690
   Proceeds from issuance of short term debt                        600       -
   Net changes in repurchase agreements                             176       -
                                                                  -----   -----
   Net cash from financing activities                            20,044  26,690
                                                                 ======  ======
Net change in cash and cash equivalents                           3,422   9,754

Cash and cash equivalents at beginning of period                 11,272   6,917
                                                                 ------  ------
Cash and cash equivalents at end of period                      $14,694 $16,671
                                                                 ======  ======
Supplemental Disclosure of Cash Flow Information:

Cash paid during the period for:
  Interest                                                       $2,366 $ 1,161
<PAGE>
NOTE 1 - BASIS OF  PRESENTATION  AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation:

     The accounting and reporting policies of First Security Bancorp,  Inc. (the
"Company")  and its  wholly-owned  subsidiary  First  Security Bank of Lexington
(the"Bank")  conform  to  generally  accepted   accounting   principles  and  to
predominant practices within the banking industry.  The significant policies are
described below.

     The Company  was formed on  February  11, 2000 and on May 31, 2000 became a
bank holding  company by acquiring  all of the  outstanding  shares of the Bank.
Each  outstanding  share of the Bank was  converted  into two  shares of Company
stock. The financial  statements are presented as if the Company had existed and
owned the Bank for all periods presented.

     The Bank is a Kentucky corporation  incorporated to operate as a commercial
bank under a state bank charter. The Bank generates  commercial,  mortgage,  and
installment loans, and receives deposits from customers located primarily in the
Fayette County, Kentucky area. The majority of the Bank's income is derived from
lending  activities.  The  majority of the Bank's  loans are secured by specific
items of collateral including business assets, real estate, and consumer assets,
although  borrower cash flow may also be a primary  source of repayment.  All of
the Bank's  operations  are  considered by management to be aggregated  into one
reportable operating segment.


     Recent Accounting Pronouncements: Beginning January 1, 2001, a new standard
will require all derivatives to be recorded at fair value.  Unless designated as
hedges,  change in these fair values  will be  recorded in the income  statment.
Fair value  changes  involving  hedges will  generally be recorded by offsetting
gains and losses on the hedge and on the hedged item,  even if the fair value of
the  hedged  item is not  otherwise  recorded.  This is not  expected  to have a
material  effect,  but the effect will depend on  derivative  holdings when this
standard applies.


     The  accompanying  unaudited  consolidated  financial  statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions to Form 10-QSB and Item 310 of
Regulation  S-B.  Accordingly,  they do not include all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been included. Operating results for the three-month period ending June 30, 2000
are not necessarily  indicative of the results that may be expected for the year
ended  December 31, 2000.  For further  information,  refer to the  consolidated
financial   statements  and  footnotes   thereto,   included  in  the  Company's
Form S-4 Registration Statement, No.333-33350.

NOTE 2 - SECURITIES

Securities were as follows:                          Gross       Gross
                                        Amortized  Unrealized  Unrealized  Fair
                                          Cost        Gains      Gains     Value
                                        ---------  ----------  ----------  -----
                                                       (in thousands)
Available for Sale

June 30, 2000
  U.S. Treasury securities              $  250         $ -       $ (2)    $  248
  U.S. Government agency securities      2,498           -        (76)     2,422
  Mortgage-backed                        1,082           -        (34)     1,048
                                         -----         ---        ----     -----
    Total debt securities                3,830           -       (112)     3,718
  Equity securities                         20           -          -         20
                                        ------         ---      ------    ------
    Total                               $3,850         $ -      $(112)    $3,738
                                         =====         ===      ======    ======
December 31, 1999
     U.S. Treasury securities           $  250         $ -      $  (2)    $  248
     U.S. Government agency securities   3,501           -        (67)     3,434
     Mortgage-backed                       655           -        (26)       629
                                         -----         ---        ----     -----
       Total debt securities             4,406           -        (95)     4,311
     Equity securities                      20           -          -         20
                                         -----         ---        ----     -----
       Total                            $4,426         $ -       $(95)    $4,331
                                         =====         ===        ====     =====

Securities  pledged at June 30, 2000 and year-end 1999 had carrying  amounts of
$3.7 million,  and $3.6 million,  and were pledged to secure customer repurchase
agreements.  There were no securities  sales during the first six months of 2000
or during 1999.
<PAGE>
NOTE 3 - LOANS

Loans were as follows:
                                                June 30    December 31
                                                  2000        1999
                                                  ----        ----
                                                   (in thousands)

Commercial                                     $29,336       $26,596
Mortgage loans on real estate:
  Commercial                                    46,668        35,855
  Residential                                   10,166         7,450
Consumer                                         9,508         8,296
                                                ------         -----
                                               $95,678       $78,197
                                                ======        ======
Changes in the allowance for loan losses were as follows:

                                       Three Months Ended      Six Months Ended
                                             June 30               June 30

                                         2000      1999       2000        1999
                                         ----      ----       ----        ----
                                                     (in thousands)
Beginning balance                       $ 918     $ 458      $ 819       $ 335
  Loans charged off                       (22)        -        (23)        (2)
  Recoveries                                -         -          -           -
  Provision for loan losses               101        96        201         221
                                         ----      ----       ----        ----
Ending Balance                          $ 997     $ 554      $ 997       $ 554
                                         ====      ====      =====       =====

Other than $21,000 of loans past due, 90 or more days at June 30, 1999, the Bank
did not have any  impaired  or  non-performing  loans  during any of the periods
presented.

NOTE 4 - EARNINGS PER SHARE

The factors used in the earnings per share computation follow.

                                            Three Months Ended Six Months Ended
                                                June 30            June 30

                                             2000      1999     2000       1999
                                             ----      ----     ----       ----
                                           (in thousands, except per share data)
Basic
  Net Income                                 $ 117      $(39)  $ 335      $(160)

  Weighted average common shares             1,000     1,000   1,000      1,000

Basic earnings per common share                .12      (.04)  $ .34      $(.16)

Diluted
  Net income                                   117       (39)  $ 335      $(160)

  Weighted average common shares outstanding 1,000     1,000   1,000      1,000
    for basic earnings per common share
  Add:  Dilutive effects of assumed exercises
    of stock warrents                           28        19      26         19
                                             -----     -----    -----     -----
  Average shares and dilutive potential
    common shares                            1,028     1,019    1,026     1,019
                                             =====     =====    =====     =====
Diluted earnings per common share               11      (.04)   $ .33     $(.16)

NOTE 5 - STOCK OPTIONS
     On March 1, 2000 the Bank hired a new President/Chief Executive Officer. In
addition  to  salary,  bonus,  and  other  benefits,  the five  year  employment
agreement  includes  annual  grants of 4,000  options  (at  market) to  purchase
Company stock and severance of 125% of salary upon change in control.

Additionally, on July 27, 2000, the Company granted 4,000 options (at market) to
purchase stock to an executive officer.
<PAGE>
Part I
Item 2.

Management's  Discussion  and  Analysis or Plan of Operation

General.
     First Security  Bancorp Inc. (the  "Company"),  headquartered in Lexington,
Kentucky  was formed on  February  11,  2000 and on May 31,  2000  became a bank
holding  company by acquiring all of the  outstanding  shares of common stock of
First  Security  Bank  of  Lexington,  Inc.)(the  "Bank")  through  a  2  for  1
conversion.  The transaction,  approved by the Board of Governors of the Federal
Reserve  System,  will permit us to offer a broader range of financial  products
and services than would otherwise be available.

     The Bank is a commercial banking  organization  organized under the laws of
the  Commonwealth of Kentucky,  and is a wholly owned subsidiary of the Company.
The Bank  offers a variety of products  and  services  through two full  service
offices  including the  acceptance  of deposits for  checking,  savings and time
deposit  accounts;  extension of secured and  unsecured  loans to  corporations,
individuals  and  others;  issuance  of letters  of  credit;  and rental of safe
deposit boxes. The Bank's lending  activities  include commercial and industrial
loans, real estate,  installment,  and other consumer loans and revolving credit
plans.  Operating revenues are derived primarily from interest and fees on loans
and from interest on investment securities.

     We have made, and may continue to make, various forward-looking  statements
with respect to credit quality  (including  delinquency trends and the allowance
for loan losses), corporate objectives and other financial and business matters.
When  used in this  discussion  the  words  "anticipate,"  "project,"  "expect,"
"believe,"  and similar  expressions  are  intended to identify  forward-looking
statements.  In addition to factors  disclosed  by the  Company,  the  following
factors, among others, could cause actual results to differ materially from such
forward-looking  statements:  pricing  pressures  on loan and deposit  products;
competition;  changes in economic  conditions both nationally and in our market;
the  extent  and timing of actions  of the  Federal  Reserve  Board;  customers'
acceptance  of  our  products  and  services;  and  the  extent  and  timing  of
legislative and regulatory actions and reforms.

<PAGE>

Overview

     Net income for the six months ending June 30, 2000 was $335,000,  up from a
net loss of  $160,000  for the same  period in 1999.  Net income for the quarter
ending  June 30,  2000 was  $117,000  versus a net loss of $39,000  for the same
period in 1999.  The increase in earnings  during 2000  reflects  the  excellent
level of growth in earning assets, increasing from $90.9 million at December 31,
1999 to $110.3  million at June 30, 2000. The mix of earning assets also changed
resulting in a greater proportion of higher yielding loans. Net loans grew $17.3
million  increasing  from $77.4 million at Decmeber 31, 1999 to $94.7 million at
June 30, 2000.  The largest gains came in the real estate  portfolio  reflecting
total  growth of $12.9  million  increasing  from $43.3  million at December 31,
1999, to $56.2  million at June 30, 2000.  Funding for loan growth was primarily
derived from deposits which increased to $102.7 million at June 30, 2000, versus
$83.4 million at December 31, 1999, an increase of $19.3  million.  We desire to
expand our presence in the community. A third location, scheduled to open during
the fourth quarter of 2000, should  significantly  expand deposits,  establish a
broader market area within the  community,  and support the building of a larger
earning asset base.

Results of Operations Net interest income.
     Year-to-date  net interest  income  increased  from $972,000 as of June 30,
1999,  to  approximately  $1.8 million as of June 30, 2000.  This  represents an
increase of $807,000 or 83.1%.  Net interest income  increased from $517,000 for
the quarter  ending June 30, 1999,  to $891,000 for the quarter  ending June 30,
2000.  The  increases in net  interest  income  resulted in part,  from a volume
increase in loans and, to a lesser degree, an upward movement in interest rates.
Net loans increased $17.3 million from December 31, 1999 to June 30, 2000. Total
average loan yields for the same period  increased by 46 basis points from 8.33%
to 8.79%.  The net  interest  spread  increased  from 2.53% to 2.86% and the net
interest margin increased from 3.35% to 3.52%, both for the same period.  Return
on average assets improved from (.53) as of June 30, 1999, to .64 as of June 30,
2000.  Quarterly return on average assets was (.21%) for the quarter ending June
30,  1999 and .42% for the  quarter  ending  June 30,  2000.  Return on  average
shareholder's  equity  improved  from  (3.92) to 7.98 for the six month  periods
ending June 30, 1999, and June 30, 2000, respectively.

Non-interest  Income and  Expenses.
     Non-interest  income is comprised  primarily of service  charges on deposit
accounts. Total noninterest income increased from $51,000 to $86,000 for the six
months  ending June 30, 1999 and 2000,  respectively.  Amounts  were $45,000 and
$35,000  for the  quarters  ending  June 30,  2000 and 1999,  respectively.  The
largest  component  of  noninterest  income  is  deposit  service  charges.   We
anticipate  that service charge income will continue to grow  commensurate  with
our deposit base.

Non interest  expense.
     Total  non-interest  expense was $1.3 million for the six months ended June
30,  2000,  versus  $962,000  for the six months  ending  June 30,  1999.  Total
non-interest  expense for the quarter ending June 30, 2000, was $718,000  versus
$495,000  for the  quarter  ending June 30,  1999.  The  primary  components  of
non-interest  expense  are  salaries  and  benefits  and costs  associated  with
occupancy and equipment.
     Salaries  and  employee  benefits  were  $625,000  and $541,000 for the six
months ended June 30, 2000, and 1999  respectively.  The quarterly  amounts were
$323,000  and  $271,000,  respectively.  The  number  of  full  time  equivalent
employees increased from 22 at June 30, 1999, to 24 at June 30, 2000.
     Occupancy and equipment  expenses increased $6,000 for the six month period
ended June 30, 2000 versus the six month period ended June 30, 1999, at $164,000
and  $156,000,  respectively.  These  expenses  were  relatively  stable for the
quarter  ending  June 30,  2000,  and June 30,  1999,  at $83,000  and  $81,000,
respectively.


Securities Available For Sale.
     Our  investment  portfolio  consists  primarily of U.S.  Government  agency
securities.  The amortized  cost of investment  securities  decreased  from $4.3
million  as of  December  31,  1999 to $3.7  million  as of June 30,  2000.  The
decrease in  investment  securities  was the result of funding loan growth which
over time will have a  favorable  impact on  earnings  as loans  typically  earn
higher yields than investment  securities.  The weighted average maturity of our
investment portfolio was 4.5 years at June 30,2000 and 2.7 years at December 31,
1999.


Loans.
     Net loans  increased $17.3 million from December 31, 1999 to June 30, 2000.
The largest growth, $12.8 million, occurred in the real estate portfolios.

     Please refer to note 3 of the financial  statements to see the  outstanding
loans, by type, at June 30, 2000 and December 31, 1999.

     We have a significant amount of our loans to commercial and commercial real
estate borrowers. At June 30, 2000,  approximately 79% of our loan portfolio was
in loans to commercial  businesses and  commercial  real estate  borrowers.  The
growth of  commercial  loans and  commercial  real  estate  loans is a result of
increased  marketing and competitive pricing in our primary market. We expect to
continue  attracting new commercial and commercial  real estate  borrowers,  but
future loan growth in these areas of our portfolio  will likely not be at a pace
consistant  with past  increases.  Our loan  portfolio is primarily to customers
within the Fayette  County  area.  We wish to increase  our  penetration  in the
consumer loan market and believe that our third location will build new consumer
relationships.


Allowance Provision for Loan Losses.
     Comparing  six months ended June 30, 2000 and 1999,  the provision for loan
losses  declined  slightly  from  $221,000  to $201,000.  The  decline  in the
provision for loan losses  resulted  primarily from the lower rate in commercial
loan  growth in 2000 over 1999 and the  continued  low level of  delinquent  and
non-accrual loans. Additionally, net loan charge-offs remained low at $23,000.

     The allowance for loan losses  increased to $997,000 at June 30, 2000, from
$819,000  at  December  31,  1999.  Please  refer  to  Note 3 of  the  financial
statements for a summary of the changes in the allowance for loan losses account
for the six months and three months ended June 30, 2000 and 1999.

     The  allowance  for loan losses is regularly  evaluated by  management  and
reported  quarterly  to our  board of  directors.  Our  management  and board of
directors  maintain  the  allowance  for loan  losses at a level  believed to be
sufficient  to  absorb  inherent  losses  in the  portfolio  at a point in time.
Management's  allowance for loan loss estimate  consists of specific and general
reserve  allocations  as influenced  by various  factors.  Such factors  include
changes in lending policies and procedures;  underwriting standards; collection,
charge-off  and recovery  history;  changes in national  and local  economic and
business  conditions and  developments;  changes in the  characteristics  of the
portfolio;  ability and depth of lending  management  and staff;  changes in the
trend of the volume and severity of past due,  non-accrual and classified loans;
troubled  debt  restructuring  and other  loan  modifications;  and  results  of
regulatory  examinations.  To evaluate the loan  portfolio,  management has also
established loan grading procedures. These procedures establish a grade for each
loan upon origination  which is periodically  reassessed  throughout the term of
the loan. Grading categories  include prime,  good,  satisfactory,  fair, watch,
substandard, doubtful, and loss. Specific reserve allocations are calculated for
individual  loans  having  been  graded  watch  or worse  based on the  specific
collectability  of each loan.  Loans graded  watch or worse also  include  loans
severely past-due and those not accruing  interest.  Loss estimates are assigned
to each loan,  which results in a portion of the allowance for loan losses to be
specifically allocated to that loan.

The general  reserve  allocation is computed by loan  category  reduced by loans
with specific  reserve  allocations  and loans fully secured by  certificates of
deposit  with us.  Loss  factors  are  applied  to each  category  for which the
cumulative  product  represents  the  general  reserve.  These loss  factors are
typically  developed  over time using  actual loss  experience  adjusted for the
various  factors  discussed  above.  As  we  are a  newly  organized  bank,  our
historical  loss  experience is less reliable as a future  predictor of inherent
losses than that of a bank with a mature loss history.  Until our own experience
becomes  fully  developed, we have computed  these factors  utilizing  local and
Kentucky peer data from the Uniform Bank Performance Reports which we believe is
representative of our loan customer base and is therefore a reasonable predictor
of inherent losses in our portfolio.

We believe the  allowance for loan losses at June 30, 2000 and December 31, 1999
was adequate.  The relationship  between the allowance for loan losses and loans
did not change  signficiantly during the periods presented as, based on the best
information available,  the overall credit quality of our loan portfolio has not
changed.  Although  we believe  we use the best  information  available  to make
allowance  provisions,  future  adjustments  which  could  be  material  may  be
necessary if the assumptions  used to determine the allowance differ from future
loan portfolio performance.


Asset Quality.
As of June 30, 2000 and December  31, 1999,  there were no loans 90 or more days
past due.  The level of loans 30 to 89 days past due  increased  from .01% at
December 31, 1999, to .02% at June 30, 2000. We consider the delinquency  levels
to be of nominal level and not reflective of any adverse trends in overall asset
quality.


Deposit and Other Borrowings

     The deposit base provides the major funding source for earning assets.  The
following  table  shows that the  deposit  growth we have  experienced  has been
consistent across all categories of deposits. We operate in a highly competitive
market for deposits.  As is often the case with newly chartered  banks, in order
to attract  depositors,  we  sometimes  pay above  market  rates on a portion of
transaction deposit accounts, savings deposits and time deposits.

     The table below illustrates our deposits by major categories as of June 30,
2000 and December 31, 1999;

DEPOSITS
                                        June 30                 December 31
                                          2000                      1999
                                        ---------               ------------
                                                  (in thousands)

Interest-bearing demand deposits        $18,209                    $17,499

Savings deposits                          6,731                      6,598

Time deposits                            51,554                     39,772

Time deposits $100,000 and over          19,245                     14,397
                                        --------                -----------

   Total interest-bearing deposits       95,739                     78,255

   Total noninterest-bearing deposits     6,941                      5,157
                                        --------                -----------

        Total                          $102,680                    $83,412
                                        ========                ===========

<PAGE>
Liquidity.
     The Company maintains sufficient liquidity in order to fund loan demand and
routine  deposit  withdrawal   activity.   Liquidity  is  managed  by  retaining
sufficient liquid assets in the form of investment  securities and core deposits
to meet demand.  Funding and cash flows can also be realized from the available-
for-sale  portion  of the  securities  portfolio  and  paydowns  from  the  loan
portfolio.  We have  established a limited  number of  alternative  or secondary
sources to provide  additional  liquidity  and  funding  sources  when needed to
support lending activity.  These  alternative  funding sources currently include
unsecured federal funds lines of credit from two correspondent banks aggregating
approximately $5,500 million; secured repurchase agreement line of credit from a
correspondent  bank  based upon the market  value of pledged  securities;  and a
secured  line of  credit in the  amount of  approximately  $1  million  from the
Federal Reserve Bank of Cleveland. Additionally, the Bank became a member of the
Federal  Home Loan Bank of  Cincinnati  ("FHLB") in 1999.  Although the Bank has
not,  as yet,  borrowed  from  the  FHLB,  the Bank has the  ability  to  borrow
approximately $6.7 million based on the level of residential loans in the Bank's
portfolio  as of June 30,  2000  which  serve  as  collateral  for this  type of
borrowing. The only borrowings on our balance sheet at December 31, 1999 were in
the form of customer repurchase agreements totaling $2.4 million.  Borrowings at
June 30, 2000, totaled  approximately $3.2 million.  Of this amount $2.6 million
was  in the  form  of  customer  repurchase  agreements.  The  remainder  of the
borrowings  consisted  of a $600,000  unsecured  note in the name of the Company
utilized to meet the Bank's short-term capital needs (See also "Capital"). These
repurchase  agreements provide our customers cash management services.  The need
for future  borrowing  arrangements  above  current  levels will be evaluated by
management,  with  consideration  given  to the  growth  prospects  of our  loan
portfolio,  liquidity  needs,  cost of  deposits,  market  conditions  and other
factors.   Short term  liquidity needs for  periods of up to one year may be met
through  federal  funds lines of credit  borrowings  and short term Federal Home
Loan Bank  advances.  The Federal  Home Loan Bank  additionally  offers  advance
programs of varying maturities for terms beyond one year.

Capital.
     Regulatory  agencies measure capital adequacy within a framework that makes
capital  requirements,  in part,  dependent on the  individual  risk profiles of
financial institutions.  The Company's capital to assets ratio was 7.42% at June
30, 2000, compared to 8.69% at December 31, 1999.

     The order of Federal Deposit Insurance Corporation, dated October 14, 1997
authorizing  deposit  issuance for the Bank, was approved subject to the capital
condition  that beginning paid in capital funds of not less than $7.7 million be
provided,  and that a ratio of "Tier 1"  capital  to "total  assets" of not less
than 8 percent,  in  addition  to a fully  funded  loan loss  reserve,  shall be
maintained  during  the  first  three  years  of  operation.   We  have  enjoyed
significant growth during our nearly three years of operation. Total assets have
grown over $20 million or 21.6% from  December  31, 1999 to June 30,  2000.  The
growth in deposits  has provided the  necessary  volume to fund new loans.  Loan
demand has remained  consistently  good over the past 6 months. In order for the
Bank to  maintain  the  required  "Tier  i"  Capital  to total  assets  of 8% as
stipulated by this order,  the Company  borrowed  $600,000 from a  correspondent
bank and has  injected  these  funds as a capital  addition  to the  Bank.  This
capital  injection  moved the the Bank Tier 1 capital  ratio above the 8% level,
thus meeting the  requirements of the FDIC order of insurance.  The indebtedness
is  evidenced  by a note at the prime rate of  interest,  maturing  December 30,
2000, and on an unsecured basis. We are currently  seeking  alternative and more
permanent  sources  of capital to retire  the  Company  debt and to support  the
continued growth in total assets of the Bank.

     We have  enjoyed  significant  growth  during  our  nearly  three  years of
operation.  Total assets have grown over $20 million or 21.6% from  December 31,
1999 to June 30, 2000. The growth in deposits has provided the necessary  volume
to fund new loans.  Loan demand has remained  consistently  good over the past 6
months.  Management  anticipates  that past growth  trends will  continue and be
intensified  with the opening of a third location in the fourth quarter of 2000.
In  addition,  a contract  has been  signed for the  purchase  of a facility  in
downtown  Lexington at a cost of $3.5  million.  This  location will replace our
(and  First  Security   Bank's)   existing  main  office  which  is  leased  and
significantly improves our downtown presence through both increased office space
to support future growth and a drive through which we do not have at our current
main office location.  The transaction is anticipated to close prior to December
13,  2000.  Management  anticipates  additional  expenditures  of  approximately
$350,000 to equip and prepare the building for use.  Management believes we have
sufficient  capital to support the third location and new main office.  However,
growth  caused First  Security  Bank's "Tier 1" capital  ratio to fall  slightly
below the 8% level stipulated by the order granting FDIC insurance.  In order to
remedy the  situation  we have taken  both short term and long term  action.  We
borrowed  $600,000  from a  correspondent  bank and  injected  these  funds as a
permanent  capital addition to First Security Bank. This capital injection moved
First Security Bank's Tier 1 capital ratio above the 8% level,  thus meeting the
requirements of the Federal Deposit Insurance  Corporation.  The indebtedness is
evidenced by a note at the prime rate of interest and matures December 30, 2000,
and on an unsecured  basis.  A  contemporaneous  stock offering will allow us to
retire the $600,000 in debt and to support the continued  growth in total assets
of First Security Bank.  Additionally,  the requirement to maintain 8% in Tier 1
capital to total assets will expire in November 2000 after which First  Security
Bank then is only required to maintain 5% to be classified as well capitalized.

<PAGE>

Asset/Liability Management and Market Risk
     Asset  liability  management  control  is  designed  to insure  safety  and
soundness,  maintain  liquidity  and  regulatory  capital  standards and achieve
acceptable net interest  income.  We consider  interest rate risk to be our most
significant  market risk.  Interest rate risk is the exposure to adverse changes
in the net interest income as a result of market fluctuations in interest rates.
Our interest rate  sensitivity  position is influenced  by the  distribution  of
interest-earning  assets and  interest-bearing  liabilities  among the maturity
categories.  Changes in interest rates can affect the rate at which pre-payments
occur.  Should  interest rates risem the rate of  pre-payments,  particularly on
fixed rate loans, may slow,  whereas a falling rate  environment  could have the
opposite effect.

      We regularly monitor interest rate risk in relation to prospective  market
and  business  conditions.   Our  board  of  directors  sets  policy  guidelines
establishing   minimum   limits  on  our  interest  rate  risk   exposure.   The
Asset/Liability  Management  Committee  of our board of  directors  monitors and
manages  interest  rate risk to  maintain an  acceptable  level of change to net
interest  income  resulting  from market  interest rate changes.  We monitor and
adjust  exposure to interest  rate  fluctations  as  influenced  by our loan and
deposit protfolios.

      On a quarterly  basis, we use an earnings  simulation model to analyze net
interest income  sensitivity and the resulting net interest margin. Net interest
margin ("NIM")  expresses net interest income as a percentage of average earning
assets.  This model projects the effect of  instantaneous  movements in interest
rates  (rate  shock)  to the  extent  of a 400 basis  point  movement  in either
direction. Rate shock is a method for stress testing the net interest spread and
NIM over the next four quarters using certain growth  assumptions  under several
rate change levels.  These levels span four 100 basis point increments un either
direction from the current interest rates.  Potential changes in market interest
rates and their subsequent  effect on interest income are the evaluated.  We use
these financial models to measure and interpret the degree of interest rate risl
rate  environments.  The reults of these analyses are reported to First Security
Bank's board of directors quarterly.

New Accounting Pronouncements
See  NOTE 1 to  financial  statements  for a  discussion  of  recent  accounting
pronouncements.

Part II  Other Information

Item 6. Exhibits and Reports on Form 8-K.
        (a) Exhibits
            The Exhibits listed on the Exhibit Index of this Form 10-QSB are
            filed as part of this report.
        (b) Reports on Form 8-K.
            No reports on Form 8-K were filed during the quarter ended
            June 30, 2000.
<PAGE>

                                  SIGNATURES

     In  accordance  with the  requirements  of the  Exchange  Act of 1934,  the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
thereunto duly authorized.
                                                First Security Bancorp, Inc.

                                                /s/John S. Shropshire
Date:  October 16, 2000                         John S. Shropshire
                                                President and CEO
                                                (Principal Executive Officer)

                                                /s/Ben A. New
Date:  October 16, 2000                         Ben A. New
                                                Vice President/Controller
                                                (Principal Financial and
                                                Accounting Officer)
<PAGE>

                                  EXHIBITS


     1        Form of Sales Agency Agreement between First Security Bancorp,
              Inc. and Winebrenner Capital Partners, LLC (incorporated by
              reference to exhibit 1 of the corporation's registration statement
              on Form SB-2 [333-43444])

     3.1      Articles of Incorporation of First Security Bancorp, Inc.
              (incorporated by reference to exhibit 3.1 of the corporation's
              registration statement on Form SB-2 [333-43444])

     3.2      Articles of Amendment to Articles of Incorporation of First
              Security Bancorp, Inc (incorporated by reference to exhibit 3.2
              of the corporation's registration statement on Form SB-2
              [333-43444])

     3.3      Bylaws of First Security Bancorp, Inc.(incorporated by
              reference to exhibit 3.3 of the corporation's registration
              statement on Form SB-2 [333-43444])

     4.1      Articles of Incorporation of First Security Bancorp, Inc.
              (included in Exhibit 3.1)(incorporated by reference to exhibit 4.1
              of the corporation's registration statement on Form SB-2
              [333-43444])

     4.2      Articles of Amendment of Articles of Incorporation of First
              Security Bancorp, Inc., (included in Exhibit 3.2)(incorporated by
              reference to exhibit 4.2 of the corporation's registration
              statement on Form SB-2 [333-43444])

    10.1     Employment Agreement between First Security Bancorp, Inc. and
             John S. Shropshire (incorporated by reference to exhibit 10.1 of
             the corporation's registration statement on Form SB-2 [333-43444])

    10.2     Contract for Electronic Data Processing Services between BSC, Inc.
             and First Security Bank of Lexington, Inc. (incorporated by
             reference to exhibit 10.2 of the corporation's registration
             statement on Form SB-2 [333-43444])

    10.3     Outsource Contract between BSC, Inc. and First Security Bank of
             Lexington, Inc. (incorporated by reference to exhibit 10.3 of the
             corporation's registration statement on Form SB-2 [333-43444])

    10.4     Business/Manager(R)License Agreement between Private Business, Inc.
             and First Security Bank of Lexington, Inc.(incorporated by
             reference to exhibit 10.4 of the corporation's registration
             statement on Form SB-2 [333-43444])

    10.5     Agreement for Administration of Credit Card Program between
             Crittson Financial, LLC and First Security Bank of Lexington, Inc.
             (incorporated by reference to exhibit 10.5 of the corporation's
             registration statement on Form SB-2 [333-43444])

    10.6     Lease 400 East Main Street between Isaac and Teresa C. Lawrence
             and First Security Bank of Lexington, Inc. (incorporated by
             reference to exhibit 10.6 of the corporation's registration
             statement on Form SB-2 [333-43444])

    10.7     Lease between THOMCO, Inc.and First Security Bank of Lexington,Inc.
             (incorporated by reference to exhibit 10.7 of the corporation's
             registration statement on Form SB-2 [333-43444])

    10.8     Ground lease between Cherrywood Development, LLC and First Security
             Bank of Lexington,  Inc.(incorporated  by reference to exhibit 10.8
             of  the   corporation's   registration   statement   on  Form  SB-2
             [No.333-43444])

    10.9     First Security Bank of Lexington, Inc. Stock Award Plan
             (incorporated by reference to exhibit 10.9 of the corporation's
             registration statement on Form SB-2 [No.333-43444])

    10.10    Form of Escrow Agreement between First Security Bancorp, Inc. and
             Peoples Bank and Trust Company, Inc.(incorporated by reference to
             exhibit 10.10 of the corporation's registration statement on Form
             SB-2 [No.333-43444])

    11       Statement regarding Earnings per shares (See Part 1 Item 1 Note 4
             "Earnings Per Share" for calculations.)

    21       Subsidiaries of First Security Bancorp, Inc.(incorporated by
             reference to exhibit 21 of the corporation's registration statement
             on Form SB-2 [No.333-43444])

    27       Financial  Data  Schedule  for the six months  ended June 30,  2000

<PAGE>

Exhibit 11  Statment regarding Computation of Per Share Earnings

See Item 1, Note 7 "Earnings Per Share" for calculations